Moving to a new city is almost always a mix of excitement and stress. If you are relocating to Aurora IL, for example, you most likely want to find a place that is close to public transport links that allow you to travel into central Chicago for work purposes. Unfortunately, rent in the city can be costly, so it pays to spend time looking. The city of Aurora is spread over four counties (Kane, DuPage, Kendall, and Will) and it should be clear that some neighborhoods have cheaper rents than others. If you are operating on a limited budget, you need to be clear about the areas in which you are prepared to compromise.
One of the great things about Aurora is that is a key location for business travelers and tourists. This means you can often sublet your property during peak seasons and make a ton of profit. Obviously, you need to know what you are doing and you need to be aware that some tenants can end up costing you more than they make you. If you are interested in the subletting market in the city, research is key. Those who make the most money have decades of experience in the field and it pays to listen to what they have to say.
For those who are hoping to relocate for increased employment options, there are many big employers in the cites. Catepiller Inc., for example, employs more than 2,300 workers. The average median household income in the city is just over $66,000, so it’s not the most affluent area in the country. That said, residents tend to enjoy a relatively good standard of living. The general political leanings of inhabitants tend to be liberal and the demographic makeup is very diverse.
There are lots of good top-rated public and private schools serving the district. This means those with growing families should not find it hard to get their kids into a good school. Neighborhoods similar to Aurora Illinois include multiple suburbs of Chicago such as Dundee Township, Du Page Township, Bolingbrook, Hanover Township, Plainfield Townships, Addison Township, Montogomery and Streamwood. The average median rent per month in the city is $1,145, which is just slightly above the national average of $949. Those looking to purchase real estate in the city might be interested to learn that the medium property value is $170,800. Of course, if you are looking for luxury real estate, such an average figure is a major underestimate of what you should be looking to pay.